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Authored by Charles Hugh Smith via OfTwoMinds blog, The wrong people–rebels, outsiders, nerds and techies– got on the cryptocurrency boat while their insider/rentier "betters" blew it and are now raging bitterly onshore. The psychology of money, wealth and speculative manias is endlessly fascinating. Most of what's written on these subjects focus on the process of […]
Authored by Michael Snyder via The Economic Collapse blog, Independently-controlled cryptocurrencies such as Bitcoin, Ethereum and Litecoin may or may not survive in the long run, but blockchain technology is definitely here to stay. This technology has revolutionized how digital financial transactions are conducted, and it was only a matter of time before the big […]
Authored by Charles Hugh Smith via OfTwoMinds blog, Note that widening wealth and income inequality is a non-partisan trend. One of the core goals of the Federal Reserve's monetary policies of the past 9 years is to generate the "wealth effect": by pushing the valuations of stocks and bonds higher, American households will feel wealthier, […]
The Fed raised rates another 0.25% the week before last. This marks the 5th rate hike since the Fed embarked on its policy tightening in December 2015 and the fourth rate hike in the last 12 months. The Fed’s latest statement also indicates it plans on raising rates three more times in 2018. It is […]
Merry Christmas to our American friends. Happy Christmas to the rest of the Anglosphere. Felicem natalem Christi to our Latin-speaking audience, and góðr jól to those who are reviving Old Norse as a great language! Let’s address two themes about the gold price trend that are increasingly in popularity the past few months—as the price […]
Merry Christmas to our American friends. Happy Christmas to the rest of the Anglosphere. Felicem natalem Christi to our Latin-speaking audience, and góðr jól to those who are reviving Old Norse as a great language! Let’s address two themes about the gold price trend that are increasingly in popularity the past few months—as the price […]
Authored by John Whitehead via The Rutherford Institute, The Christmas narrative of a baby born in a manger is a familiar one. The Roman Empire, a police state in its own right, had ordered that a census be conducted. Joseph and his pregnant wife Mary traveled to the little town of Bethlehem so that they […]
Famed NSA Whistleblower Edward Snowden has just launched Haven, an app for people to transform any Android smartphone into a high-tech security system for detecting intrusions. Snowden, while currently on the run from the CIA, hiding somewhere in Moscow until 2020, has found enough time to launch his new mobile security app last Friday for […]
Authored by Charles Hugh Smith via OfTwoMinds blog, Isn't it obvious that if we set out to design the most perverse, toxic and doomed system possible, we'd end up with the Keynesian Cargo Cult's insane permanent growth/Landfill Economy? Few topics are off-limits nowadays: the personal and private are now splashed everywhere for all to see. […]
Authored by Charles Hugh Smith via OfTwoMinds blog, A more human world lies just beyond the edge of the Status Quo. Readers often ask me to post something hopeful, and I understand why: doom-and-gloom gets tiresome. Human beings need hope just as they need oxygen, and the destruction of the Status Quo via over-reach and […]
Third part in a series. Part 1, Part 2 Article First Appeared on HedgeAccordingly.com By @sellputs Merrrrrrrrrry Bitmas! Bitcoin has been crashing like a Bad Santa all week long—it had surged up to $19,856 last Monday and had plunged as low as $11,590 by Friday, bouncing back up to $14k and change. So anyone who bought bitcoin […]
Authored by Chris Hamilton via Econimica blog, China's working age population is clearly defined as those aged 16 to 50 years old for females (55 for "white collar" females) and 16 to 60 years old for males. China mandates retirement at these outer age limits. Perhaps of some interest should be that this working age population peaked in 2011 and has […]
By Chris at www.CapitalistExploits.at Today you’re in for a treat. Jamie Keech, who joined our merry band of men here some months back, is uniquely positioned to bring much, much more to the table than I ever could when it comes to the commodity spectrum. It’s why, quite frankly, we wanted him. But aside from his […]
Authored by Shelley Kasli via GGI News, Just days after GreatGameIndia exposed how American and Japanese companies could be hacking Indian elections, a recent Bloomberg report has revealed how a secret unit of Facebook has helped create troll armies for governments around the world including India for digital propaganda to influence elections. Under fire for Facebook […]
After 17 years in senior leadership at the "Do No Evil" shop, Eric Schmidt is stepping down from his executive chairman role at the internet behemoth… After ten years as CEO and seven as Executive Chairman, I can’t wait to dive into the latest in science, technology, and philanthropy. I look forward to working with […]